1.8. Factor Markets - Readings

Required Readings:

This is a part of our review of major production concepts from Microeconomics. You should consider looking at the following textbooks if you are rusty or want to know more about these concepts:

Unfortunately, Church and Ware do not cover factor markets or monopsony power. If you have any old textbooks from ECON 206 or 306, you might look for a chapter on Factor Markets and/or Monpsony (sometimes a section of a Monopoly chapter, or part of a Factor Markets chapter.)

Much of my analysis and examples come from the textbook I use in ECON 306: